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Big Three Bailout

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Old 12-05-2008, 05:00 PM #81
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134? Are you sure it isn't 34 years? 1974 was horrific, but still nothing compared to the 1930's... Actually, the panic of 1873 was because of similar bank failures. Maybe it is 134 years. I still find it hard to believe that 1929-1930 wasn't worse.

Tom
Tom,

CNBC just repeated the number, and it is 134 years.

Ughhh.


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Old 12-05-2008, 06:49 PM #82
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I think maybe CNBC got it wrong (or maybe just a newscaster), CNN said 34 years, comparing it to 1974. Do they even have employment data from 134 years ago?
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Old 12-05-2008, 07:12 PM #83
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Remember several years ago when Chrysler was going to have to close its doors for this same reason? Then someone had an idea to hire a guy to save the company...anybody remember his name? I do...now they are asking the same question again?

I own a F150...I didn't finance through Ford, I financed through a locally owned bank. The same with my house and boat...my interest rate at the time was 2% higher but guess what...I don't have to worry about losing my vehicle or my house if I get behind. These people know me and they know I will catch all my payments up if I do get behind. I was prepared for this and paid payments like five months in advance...

We can blame it on poor management, people buying foreign vehicles, banks or just plain bad luck. However, when push comes to shove; it is what it is and why won't our government allow a plant to be built in the USA like the Ford plant in Brazil? But, Ford owns, the plant, property, harbor, boat and robotics that makes the vehicles that has to be shipped across countries?

One of those things that make you go HMMMmm? The cost of that plant alone is staggering and what those employees make will make you say more than Hmmm?
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Old 12-05-2008, 07:24 PM #84
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Remember several years ago when Chrysler was going to have to close its doors for this same reason? Then someone had an idea to hire a guy to save the company...anybody remember his name? I do...now they are asking the same question again?
Is it Bob Nardelli? The CEO they got from Home Depot?
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Old 12-05-2008, 07:35 PM #85
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No...way before him...Lee Iacocca...Hope I spelled his name correctly. They were on the verge of bankruptcy, he stepped in and turned the company around...guess it went all the way round. lol
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Old 12-06-2008, 12:36 AM #86
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...And then there was the Delorian (sp?)..LOL
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